-- Connecting the dots between our economy, government and business --
Summary and audio linked here.
Chicago’s political leadership is floating a pension buyout program as evidence it is seriously addressing the city’s thirty-six-billion-dollar unfunded pension liability, but Mark Glennon, founder of the Illinois policy research organization Wirepoints, said that the proposal moves debt from one column to another rather than reducing it, and that the broader fiscal picture facing the city continues to deteriorate across every measurable dimension. Audio here.
Expect no retraction or apology. This what they do.
The state’s existing buyout program for its own pensions is the precedent for Chicago, which should be a warning: Look out for similar exaggerated claims and shoddy analysis.
Full interview and summary linked here.
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Wow. Is this a Sienfield Bizarro World Award? Where the award is for the exact opposite of reality? Who are the Parisian brownnose suckup sponsors of this laughable trophy? And the taxpayers of this state had to pay to fly this quarter ton of smug slothful sweaty uselessness back and forth across the Atlantic? Truly, you just can’t make this stuff up. When it comes to Illinois, no matter how low you set the bar…..likely you are being too optomistic.
The jokes write themselves in news about Illinois.
Leadership in spending our money on lost causes…
Big boy conveniently ignores his many business failures costing taxpayers billions as he claps himself on the back.